TY  - GEN
ID  - heidok10438
AV  - public
KW  - Capital Accumulation 
KW  -  Elasticity of Substitution 
KW  -  Direction of Technical Change 
KW  -  Neoclassical Growth Model
UR  - https://archiv.ub.uni-heidelberg.de/volltextserver/10438/
Y1  - 2010///
N2  - In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate of output per worker is shown to increase in the elasticity of substitution between capital and labor. This confirms the assessment of Klump and de La Grandville (2000) that the elasticity of substitution is a powerful engine of economic growth. However, unlike their findings my result applies to the steady-state growth rate. Moreover, it does not hinge on particular assumptions on how aggregate savings come about. It holds for any household sector allowing savings to grow at the same rate as aggregate output.
A1  - Irmen, Andreas
TI  - Steady-State Growth and the Elasticity of Substitution
ER  -